Russell Securities has $125 million in total assets and its corporate tax rate is 40%. The company recently reported that its basic earning power (BEP) ratio was 42% and its return on assets (ROA) was 18%. What was the company's interest expense? (Answers are in millions.) $52.50 $30.00 $15.00 $75.00 $15.00

Russell Securities has $125 million in total assets and its corporate tax rate is 40%. The company recently reported that its basic earning power (BEP) ratio was 42% and its return on assets (ROA) was 18%. What was the company's interest expense? (Answers are in millions.) $52.50 $30.00 $15.00 $75.00 $15.00

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 3P

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